
Why a private equity firm is betting on Nigerian-made safety boots
Earlier this year, Lagos-based private equity firm Aruwa Capital Management invested in Yikodeen, a Nigerian manufacturer of safety boots for workers in the oil and gas, construction, power and manufacturing sectors. Founded by entrepreneur Yinka Atunde, Yikodeen is capitalising on increasing health and safety requirements in workplaces. “With increased regulation and the need for corporations…